This is a historic week for U.S. consumers and for the future of our nation's costly oil use. The Obama administration just finalized fuel economy and global warming emissions standards for cars and light trucks sold in model years 2017-2025, which will roughly double the fuel efficiency of these vehicles.The standards will save drivers of a new 2025 vehicle nearly $8,000 over its lifetime, compared to driving a typical vehicle on the road today. In addition, the standards will reduce global warming emissions by as much as 270 million metric tons in 2030—the equivalent of shutting down 65 coal-fired power plants for one year.
These standards represent the biggest single step our country can take to reduce oil use, cutting consumption by 1.5 million barrels a day in 2030 and putting us on the path towards halving our projected oil use over the next 20 years.
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